Danica Pension Livsforsikringsaktieselskab Purchases New Holdings in Palo Alto Networks, Inc. $PANW

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 21,501 shares of the network technology company’s stock, valued at approximately $7,332,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Palo Alto Networks in the 2nd quarter valued at $25,833,462,000. Norges Bank purchased a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $1,415,364,000. Bank of New York Mellon Corp purchased a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $1,569,755,000. Deutsche Bank AG acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $1,481,236,000. Finally, Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after buying an additional 3,101,267 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the sale, the director directly owned 6,437 shares of the company’s stock, valued at approximately $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 100,839 shares of company stock worth $27,079,580. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $374.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $304.92 billion, a PE ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91. The firm has a 50 day simple moving average of $332.48 and a 200-day simple moving average of $238.39. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. On average, equities analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PANW. Argus set a $425.00 price objective on Palo Alto Networks in a research report on Tuesday, July 21st. FBN Securities reiterated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Scotiabank reaffirmed a “sector outperform” rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, UBS Group set a $300.00 price target on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $351.56.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.